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795 E 42nd Place, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath

795 E 42nd Place, Los Angeles, California 90011 home-pic-0
ACTIVE$995,000
795 E 42nd Place, Los Angeles, California 90011
0Bed
0Bath
3,027Sqft
5,192Lot

Price Vs. Estimate

The estimated value ($999,816.695) is $4,816.695 (0%) lower than the list price ($995,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income Generating Potential: The property is explicitly marketed as an 'Incredible Income Opportunity' with 'MULTI-UNIT-STYLE living' and 'excellent rental income POTENTIAL', featuring two reliable income streams already in place through converted units.
Top Cons:
Unverified Conversion Legality: The description highlights converted units (studio apartment, 2-bedroom unit) without explicitly stating if these modifications are fully permitted and up to code, which could lead to potential legal or financial issues for the buyer.

Compared to the nearby listings

Price:$995.0K vs avg $560.0K (+$435,000)94%
Size:3,027 sqft vs avg 1,216 sqft94%
Price/sqft:$329 vs avg $50913%

More Insights

Built in 2007 (18 years old).
Condition: Built in 2007, this property is generally well-maintained and functional, but key areas like the kitchens and bathrooms exhibit dated styles. The main kitchen features honey oak cabinets and speckled granite countertops, while the bathrooms have older-style ceramic tiling. The presence of window AC units suggests a lack of central air conditioning, which is a notable drawback for a property of this age in Los Angeles. While clean and habitable, the property would benefit from cosmetic updates to modernize its aesthetic and bring it up to current quality standards.
Year Built
2007
Close
-
List price
$995K
Original List price
$995K
Price/Sqft
$329
HOA
-
Days on market
-
Sold On
-
MLS number
HD25244618
Home ConditionFair
Features
Good View: City Lights, Landmark, Panoramic
Patio
ViewCity Lights,Landmark,Panoramic

About this home

Incredible Income Opportunity in South LA that MUST BE SEEN! Welcome to the seller's SPACIOUS HOME with a LOWER PRICE offering MULTI-UNIT-STYLE living with excellent rental income POTENTIAL. Perfect for investors or extended FAMILIES, this versatile property is located just minutes from Downtown LA. The Residence features 3 Master Bedrooms and multiple living spaces including ( 4-Great BEDROOMS and 3-BATH ) 1-Bed, 1-Bath is on the Main Floor. RARE INVESTMENT opportunity! that on the First Floor one master bedroom has been converted into a Studio Apartment with its own kitchenette, on the Second Floor Conversion, one master bedroom has been converted into a 2-Bedroom, 1-Bath UNIT with its own combined living-dining area. Each Living Space Features its OWN SEPARATE ENTRANCE, providing FLEXIBLE USE options: Such as Multi-Family Living with 3,027 Sqft, 2 reliable income streams already in place or a better future just generating INCOME. PLUS a beautiful elevated cityscape VIEW of Los Angeles Skyline. PARKING!! 6 GATED PARKING SPACES in the back and carport for two, an ample front yard, with driveway for EXTRA parking in the front. A (LAR2 Zoned) Lot offers further potential for ADU or expansion (buyer to verify with city). This is a RARE find with FLEXIBLE use options and reliable income streams already in place. Conveniently located near major freeways, schools, public transportation and local amenities.

Nearby schools

2/10
Harmony Elementary School
Public,•K-5•0.1mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.2mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.4mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.4mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.5mi
3/10
Trinity Street Elementary School
Public,•K-5•0.6mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.6mi
/10
Maple Primary Center
Public,•K-1•0.8mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.8mi
5/10
Dolores Huerta Elementary School
Public,•K-5•1.0mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.0mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.1mi
5/10
Twentieth Street Elementary School
Public,•K-5•1.3mi
5/10
San Pedro Street Elementary School
Public,•K-5•1.6mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.6mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.6mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.8mi
4/10
Norwood Street Elementary School
Public,•K-5•2.2mi
2/10
John W. Mack Elementary School
Public,•K-5•2.3mi
3/10
George Washington Carver Middle School
Public,•6-8•0.3mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•1.0mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.1mi
4/10
John Adams Middle School
Public,•6-8•1.2mi
2/10
John Muir Middle School
Public,•6-8•2.2mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.8mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.6mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.6mi
5/10
Santee Education Complex
Public,•9-12•1.5mi
3/10
Manual Arts Senior High School
Public,•9-12•1.7mi
4/10
West Adams Preparatory High School
Public,•9-12•2.8mi

Price History

Date
Event
Price
04/03/96
Sold
$117,000
05/30/06
Sold
$390,000
Condition Rating
Fair
Built in 2007, this property is generally well-maintained and functional, but key areas like the kitchens and bathrooms exhibit dated styles. The main kitchen features honey oak cabinets and speckled granite countertops, while the bathrooms have older-style ceramic tiling. The presence of window AC units suggests a lack of central air conditioning, which is a notable drawback for a property of this age in Los Angeles. While clean and habitable, the property would benefit from cosmetic updates to modernize its aesthetic and bring it up to current quality standards.
Pros & Cons

Pros

Income Generating Potential: The property is explicitly marketed as an 'Incredible Income Opportunity' with 'MULTI-UNIT-STYLE living' and 'excellent rental income POTENTIAL', featuring two reliable income streams already in place through converted units.
Flexible Use Options: With separate entrances for each living space, the property offers highly flexible use options, suitable for multi-family living, house hacking, or pure investment.
Development Potential: The LAR2 zoning of the lot provides further potential for ADU (Accessory Dwelling Unit) additions or expansion, enhancing future value and income possibilities.
Ample Parking: A significant advantage in Los Angeles, the property boasts 6 gated parking spaces in the back, a carport for two, and additional driveway parking in the front.
Cityscape Views & Proximity to Downtown: The property offers a beautiful elevated cityscape view of the Los Angeles Skyline and is conveniently located just minutes from Downtown LA, providing desirable urban access.

Cons

Unverified Conversion Legality: The description highlights converted units (studio apartment, 2-bedroom unit) without explicitly stating if these modifications are fully permitted and up to code, which could lead to potential legal or financial issues for the buyer.
Automated Valuation Discrepancy: The listing price is 4% higher than the automated property estimation, suggesting it might be priced above current market algorithms and could face scrutiny from some buyers or lenders.
Mixed School Ratings: While some nearby schools have good ratings, several public schools in the immediate vicinity have lower ratings (2-3 out of 5), which might be a concern for families prioritizing top-tier public education.

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